)--Sachem Capital Corp. (NYSE American: SACH) announced today that on December 18, 2018, its board of directors authorized and declared a fourth quarter dividend of $0.17 per share to be paid to shareholders of record as of December 31, 2018. The dividend will be payable on January 10, 2019. The Company previously declared and paid a third quarter dividend of $0.12 per share to its shareholders. The incremental amount by which the fourth quarter dividend exceeds the dividend paid in the prior quarter reflects the year-end distribution of income required in order to comply with the Federal tax rules and regulations applicable to the Company as a real estate investment trust (REIT).

John Villano, CPA, co-chief executive officer and chief financial officer of Sachem Capital Corp., stated: “This dividend reflects our strong fiscal year 2018 performance, illustrated by the growth in our loan portfolio and improved profitability. While there can be no assurance of similar year-end incremental dividends in the future, we are encouraged by the outlook for the business and remain fully committed to our goal of providing investors attractive risk-adjusted returns.

Fintech startup Athena Home Loans just closed a $25 million raise

22.01.19

Fintech startup Athena Home Loans raises $25 million. The Series B raise was led by Square Peg Capital. Super fund Hostplus and Australian venture firm AirTree also invested. Fintech startup Athena Home Loans closed a $25 million Series B raise, led by Square Peg Capital.

Industry super fund Hostplus and Australian venture firm AirTree also joined the round, taking the start-up’s total capital raised to date to $45 million.

Venture capitalist Paul Bassat, the co-founder of Square Peg and jobs classified site SEEK, sits on the Athena Board.

“Having worked with Nathan, Michael and the team over the last year I have enormous admiration for the speed at which they have navigated complex financial systems to develop a robust and customer-centric mortgage service,” says Bassatt.

“Athena is solving a really important problem for home buyers and is certainly one of the most exciting Fintech companies in Australia.

The raise comes six months after the company announced a Series A fund raise led by Macquarie Bank and Square Peg Capital.